Knoxville city council approves Farragut hotel parking deal | News
(WBIR) The historic Farragut Hotel in downtown Knoxville is taking another step toward reopening.
The Knoxville City Council voted Tuesday night to give developers 160 parking spaces at the State Street garage downtown. The hotel will pay $32.50 a month for each space. The deal runs for 10 years.
City Councilman Della Vlope opposed that deal -- calling it an unfair advantage.
But developer Rick Dover said it would be impossible to open the hotel without parking.
Dover said the company plans to announce the brand of the hotel in the next 60 days -- and after that announcement, construction will start immediately.